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HomeMy WebLinkAboutCity of Tamarac Resolution R-99-2781 and Temp. Reso. #8792 10/6/99 Page 1 Revision #3 10/12/99 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-99- Al I A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO PURCHASE APPROXIMATELY 17.55 ACRES OF PROPERTY IDENTIFIED AS A PORTION OF THE "FLORIDA FRUIT LANDS COMPANY SUBDIVISION NO. 2" LYING IN TRACTS 14,15, AND 16, IN SECTION 7, TOWNSHIP 49 SOUTH, RANGE 41 EAST, AS RECORDED IN PLAT BOOK 1, PAGE 102 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA, SAID LANDS SITUATED, LYING, AND BEING IN THE CITY OF TAMARAC, BROWARD COUNTY, FLORIDA; APPROVING THE SALE OF "PARCEL B" TO ADVANCED BUSINESS ASSOCIATES (ABA), A RELATED ENTITY TO CITY FURNITURE, FOR $190,000; APPROVING A LOAN FROM THE DRAINAGE RETENTION FUND AND INSURANCE SERVICES FUND TO THE GENERAL CAPITAL CONSTRUCTION FUND; AMENDING THE GENERAL CAPITAL CONSTRUCTION FUND BUDGET, DRAINAGE RETENTION FUND BUDGET, PARKS AND RECREATION FUND BUDGET, AND INSURANCE SERVICES FUND BUDGET OF ESTIMATED REVENUES AND APPROPRIATIONS; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, economic welfare is one of the main concerns of a modern city; WHEREAS, the relocation of City Furniture's corporate headquarters to Tamarac Commerce Park will encourage the economic development in the City of Temp. Reso. #8792 10/6/99 Page 2 Revision #3 10/12/99 Tamarac by providing employment for four -hundred (400) employees with a projection of over seven -hundred (700) employees; and WHEREAS, on September 81h, 1999, the City Commission approved Resolution 99-230, authorizing the waiver of fees and conceptual approval of site plan issues for the purpose of City Furniture to relocate its corporate headquarters to Tamarac Commerce Park; and WHEREAS, the development and relocation of the City Furniture corporate headquarters to the Tamarac Commerce Park is dependent upon City Furniture's ability to acquire a portion (known as "Parcel B") of the property owned by the Florida Turnpike Authority at the intersection of McNab Road and the Sawgrass Expressway; and WHEREAS, the second portion (known as "Parcel A") of the property owned by the Florida Turnpike Authority at the intersection of McNab Road and the Sawgrass Expressway has been identified by the City as a potential site for park development; and WHEREAS, the City of Tamarac desires Parcel A for the purpose of expanding the City's recreational open space in order to comply with the Broward County Land Use plan as well as achieve public recreation land goals; and WHEREAS, the purchase of the Florida Turnpike Authority property by the City of Tamarac will be for the public purposes of providing recreational open space and meeting economic development goals; and Temp. Reso. #8792 10/6/99 Page 3 Revision #3 10/12/99 WHEREAS, the appraised value of Parcel A is $635,000 and the appraised value of Parcel B is $190,000, for a total price of $825,000; and WHEREAS, the City Commission deem it is in the City's best interest to purchase the property at the intersection of the Sawgrass Expressway and McNab Road for the appraised value of $825,000; and WHEREAS, the City of Tamarac, in order to assist City Furniture in its relocation to Tamarac Commerce Park, will sell Parcel B to City Furniture for $190,000 in order to allow City Furniture to meet wetlands mitigation requirements; and WHEREAS, Section 10-296(e) of the Tamarac City Code states that parks and recreation impact fees may be expended for the purpose of acquiring open space or recreational facilities; and WHEREAS, funds in the amount of $400,000 are available in the Parks and Recreation Impact Fee Fund for the purpose of funding the acquisition of the property; and WHEREAS, the remaining balance of $235,000 needed for the acquisition of Parcel A will be funded through a loan from the Drainage Retention Fund and Insurance Services Fund to the General Capital Construction Fund; and WHEREAS, the purchase of this property requires amending the annual General Capital Construction Fund budget, Drainage Retention Fund budget, Insurance Services Fund budget and Parks and Recreation Fund Budget of 1 Temp. Reso. #8792 10/6/99 Page 4 Revision #3 10/12/99 estimated revenues and appropriations; and WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best interests of the citizens and residents of the City of Tamarac to authorize the appropriate City Officials to purchase approximately 17.55 acres of property identified as a portion of the "Florida Fruit Lands Company Subdivision No. 2" lying in tracts 14,15, and 16, in section 7, township 49 south, range 41 east, as recorded in plat book 1, page 102 of the public records of Palm Beach County, Florida, said lands situated, lying, and being in the City of Tamarac, Broward County, Florida and approve the sale of parcel B to City Furniture; and approve a loan from the Drainage Retention fund and the Insurance Services fund to the General Capital Construction Fund and amend the General Capital Construction Fund budget, Drainage Retention Fund budget, Insurance Services Fund budget and Parks and Recreation Fund budget of estimated revenues and appropriations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: Section 1: That the foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this resolution. Section 2: That the appropriate City Officials of the City of Tamarac, Florida, are hereby authorized to purchase from the Florida Turnpike Authority approximately 17.55 acres of property identified as a portion of the "Florida Fruit Temp. Reso. #8792 10/6/99 Page 5 Revision #3 10/12/99 Lands Company Subdivision No. 2" lying in tracts 14,15, and 16, in section 7, township 49 south, range 41 east, as recorded in plat book 1, page 102 of the public records of Palm Beach County, Florida, said lands situated, lying, and being in the City of Tamarac, Broward County, Florida, at a cost of $825,000 ( a copy of the legal description of the property is attached hereto as Attachment "A"). Section 3: That the appropriate City Officials of the City of Tamarac, Florida, are hereby authorized to enter into the Agreement attached hereto as Attachment "B" for the Sale of Parcel B to Advanced Business Associates, a Florida general partnership, which is a related entity to City Furniture, for the purchase price of $190,000, which purchase price is the fair market value of Parcel B, as appraised. Section 4: That the General Capital Construction Fund be amended in the amount of Eight -Hundred Twenty Five Thousand ($825,000) Dollars and said funds appropriated into General Capital Construction Fund account entitled "Property Acquisition", and any and all subsequent budgetary transfers to be in accordance with proper accounting standards. Section 5: That the Drainage Retention Fund be amended in the amount of One -Hundred and Eighty Thousand ($180,000) Dollars and said funds appropriated, into Drainage Retention Fund account entitled "Transfer to General Capital Construction Fund ", and any and all subsequent budgetary transfers to be in accordance with proper accounting standards. Temp. Reso. #8792 10/6/99 Page 6 Revision #3 10/12/99 Section 6: That the Parks and Recreation Fund be amended in the amount of Four -Hundred Thousand ($400,000) Dollars and said funds appropriated into Parks and Recreation Fund account entitled "Transfer to General Capital Construction Fund", and any and all subsequent budgetary transfers to be in accordance with proper accounting standards. Section 7: That the Insurance Services Fund be amended in the amount of Fifty -Five Thousand ($55,000) Dollars and said funds appropriated into Insurance Services Fund account entitled "Transfer to General Capital Construction Fund", and any and all subsequent budgetary transfers to be in accordance with proper accounting standards. Section 8: That all Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 9: That if any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. �l 1 1 Temp. Reso. #8792 10/6/99 Page 7 Revision #3 10/12/99 Section 10: That this Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED ATTEST: Carol Gold CMC4AAE City Clerk /HErjBY CERTIFY that I he oluti4as to form Mitchell S. Kraft City Attorney THIS 3 day of , 1999. E SCHREIBER, MAYOR RECORD OF COMMISSION approved MAYOR SCHREIBER DIST 1: COMM. PORTN R DIST 2:. V/M MISHKIN G_ DIST 3: COMM. SULTANOF DIST 4: �..�.,� COMM. HOBERTS E ATTACHMENT A TEMP. RESO. #8792 • r� 0 Prepared under the direction of Mike Joiner, PLS 3908 Legal Description F.P. No.: 190708- l W.P.I. No.: 0150467 State Project No.: 97970-2302 County: Broward Parcel No.: 97S290 Old Parcel No,; 133.1 A portion of that parcel of land recorded in O.R. Book 12202 Page 947, Public Records of Broward County, Florida, being more particularly described as follows: A parcel of land lying in Tracts 14, 15, and 16 in Section 7, Township 49 South, Range 41 East in the FLORIDA FRUITLANDS COMPANY'S SUBDIVISION NO.2 ay recorded in Plat Book 1, Page 102 of the Public Records of Palm Beach County, Florida, being more particularly described as follows: Commence at the Northwest corner of said Section 7 said point having a Florida State Plane Coordinate of N691838.31 and E730240.57 (East Zone); thence nn a grid bearing of North 89" 33' 15" East along the North line of said Section 7 a distance of 15.00 feet to a line 15.00 feet East of and parallel with the West line of Section 7; thence South 000 05' 06" East along said parallel line a distance of 15.00 feet to a line 15.00 feet South of and parallel with the said North line of Section 7; thence North 89' 33' 15" East along said parallel line a distance of 1048.99 feet, said point being the POINT OF BEGINNING; thence South 000 24' 54" East a distance of 979.25 feet; thencc South S9° 28' 12" West a distance of 350.00 feet; thence South 000 24' 54" Ea. -It a distance of 994.76 feet to tae Swath l:ae cf"J Tract 14, thence South 89' 23' 12" West a distance of 172.92 feet; thence North 05° :13' 43" West a distance of 249.79 feet to a point of curvature of a non -tangent curve concave to the East; thence Northerly along the arc of said curve to the right, having a central angle of 040 11' 56" and a radius of 11,309.16 feet for an arc distance of 828.79 feet to a Point of Tangency; thence North 001, 13' 25" West along a line tangent to the last described curve a distance of 898.07 feet; thence North 89" 33' 15" East a distance of 569.91 feet to the POINT OF BECTNNi WG. Said tract containing approximately 17.558 acres, more or less.